Go ahead for Stena newbuildings

The construction of the world’s largest ferries will commence. Wadan Shipyards has received federal guarantees and has signed a new agreement with Swedish Stena. “We are delighted that the project now can get back on track”, says Joakim Kenndal, Head of Corporate Communications at Stena Line. Negotiations between the yard and the shipowner has been going on since June when the shipyard filed for bancruptcy. The now closed deal means that Wadan Yards gets access to EUR 190 million in federal guarantees.